{"id":101709,"date":"2017-05-10T01:29:52","date_gmt":"2017-05-10T05:29:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=101709"},"modified":"2017-05-10T01:29:52","modified_gmt":"2017-05-10T05:29:52","slug":"php-stays-strong-vs-usd-psei-on-the-red-after-hitting-7900-level","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/05\/10\/php-stays-strong-vs-usd-psei-on-the-red-after-hitting-7900-level\/","title":{"rendered":"PHP stays strong vs. USD, PSEi on the red after hitting 7,900-level"},"content":{"rendered":"<figure id=\"attachment_101710\" aria-describedby=\"caption-attachment-101710\" style=\"width: 320px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/05\/pdex-logo1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-101710\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/05\/pdex-logo1.png\" alt=\"The local equities market declined on profit-taking Tuesday after the main index breached the 7,900-level a day ago. (PNA photo)\" width=\"320\" height=\"123\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/05\/pdex-logo1.png 320w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/05\/pdex-logo1-300x115.png 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/a><figcaption id=\"caption-attachment-101710\" class=\"wp-caption-text\">The local equities market declined on profit-taking Tuesday after the main index breached the 7,900-level a day ago. (<a href=\"http:\/\/58.71.118.44\/\/images\/pdex%20logo(1).png\">PNA photo<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2014The local equities market declined on profit-taking Tuesday after the main index breached the 7,900-level a day ago.<\/p>\n<p>But the local currency managed to remain firm.<\/p>\n<p>The peso ended the day\u2019s trade at 49.92 from 49.86 Monday as investors loaded up on the US currency follow<\/p>\n<p>It opened at 49.90 from 49.88 a day ago, which a trader said was as expected after the recent run-up of the peso.<\/p>\n<p>It traded between 49.88 and 49.93, resulting to an average of 49.91.<\/p>\n<p>The trader said withdrawals in the local equities market after the main index\u2019 recent rally added to the negative sentiment for the peso.<\/p>\n<p>Volume of trade reached USD352.5 million, lower than the previous session\u2019s USD410.5 million.<\/p>\n<p>The currency pair is seen to trade between 49.80 and 45.00 on Wednesday.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) reversed Monday&#8217;s rise to a loss after it shed 0.49 percent, or 38.83 points, to 7,923.50 points Tuesday.<\/p>\n<p>The other indices were mostly on the red, with the All Share down by 0.47 percent, or 22 points, to 4,709.25 points.<\/p>\n<p>Mining and Oil registered the highest decline among the sectoral indices with a 1.08 points drop.<\/p>\n<p>It was followed by the Industrial, 0.92 points; Services, 0.75 percent; Property, 0.74 percent; and Financials, 0.53 percent.<\/p>\n<p>Only the Holding Firms posted an increase of 0.01 percent.<\/p>\n<p>Volume of trade reached 2.55 billion shares amounting to Php 9.7 billion.<\/p>\n<p>Losers led gainers at 128 to 83 while 42 stocks were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014The local equities market declined on profit-taking Tuesday after the main index breached the 7,900-level a day ago. But the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":101710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[12556],"class_list":["post-101709","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-philippine-stock-exchange-index","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/101709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=101709"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/101709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/101710"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=101709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=101709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=101709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}